DislikedI agree with the OP (not that PA is dumb... PA is just PA, it's what's done to and with it that's dumb).
I disagree about the pinbars. A PB simply shows that, from x minute to y minute (or hour, day), the market went up and then went down. Or vice versa.
[list=1][*]That can happen for other reasons, e.g. market moving in a direction due to x, then y happens and the market makes an about face. Voila, pinbar.
[*]I'm sure we can all imagine a scenario where the market is moving up due to some real reason, orders (buy stops) are triggered...Ignored